125 Deputy Phil Hogan asked the Minister for Finance his views on the wider use of credit risk mitigants, such as mortgage indemnity insurance, as a mandatory requirement for the underwriting of high loan-to-value loans in the context of new regulatory requirements for future mortgage lending; if his attention has been drawn to the positive and constructive impact of mortgage indemnity insurance in other jurisdictions in terms of reducing both the capital risk arising from negative equity and the consequent exposure for customers; the steps he is taking to investigate the potential benefits of mortgage indemnity insurance in the context of preparing a prudent regulatory structure for the future mortgage. [29251/10]

Summary

125 Deputy Phil Hogan asked the Minister for Finance his views on the wider use of credit risk mitigants, such as mortgage indemnity insurance, as a mandatory requirement for the underwriting of high loan-to-value loans in the context of new regulatory requirements for future mortgage lending; if his attention has been drawn to the positive and constructive impact of mortgage indemnity insurance in other jurisdictions in terms of reducing both the capital risk arising from negative equity and the consequent exposure for customers; the steps he is taking to investigate the potential benefits of mortgage indemnity insurance in the context of preparing a prudent regulatory structure for the future mortgage. [29251/10]

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• Mortgage Lending

  xml · EN · 6 July 2010

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